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Price Analysis

Tron Marks Intraday Marginal Price Plunge

Tron is falling with its intraday movement, but if we broaden the graph, the price chart would point towards a different story. The fall has been taking the price down for a long time. The month of August brought 30% loss in TRX as price slipped from $0.022 to $0.015. The last month experienced a little recovery towards the end. After TRX touched $11.8, the price started escalating. Tron is currently trading at $0.017 and the aggregate jump from $11.8 gives a progression of 46.81% in the period of 14 days.

The continuous escalation in Tron is taking place after an entire quarter. We are anticipating it as the sign for the upcoming upsurge.

TRX to USD Price Analysis:

Tron Price
Tron Chart By TradingView

As per the data feed taken from Bitfinex as on October 11, 2019, at 10:54 UTC, September began with a fall as the price shifted from $0.015 to $0.013 marking a regression of 10.90%. The fall was soon recovered and the price went to $0.016 by 14.08%. Further, the price jumped from $0.014 to $0.018 by 24.64%. The uptrend followed the fall and took it to $0.012 by 36.97%. Towards the end of the month, the price again jumped to $0.014 by 22.58%. The month booked a loss of 7.50%. The ongoing month brought the price to $0.017 from $0.014 by 19.70%.

Tron price has shown remarkable movement in the first two quarters. The currency was ranked amongst the top ten cryptocurrencies, but the market pressure pulled it down. There is a strong indication that TRX would regain its position in the market. The future of the currency is speculated to be good. Tron Ecosystem, the parent company of Tron is likely to enter some ventures that could have an extensive effect on the coin.

For the traders interested in the investment Tron, it would be best to go for a short-term investment plan as the long term is quite unpredictable from the current scenario.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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